Americans lean on credit cards and buy now, pay later as gas prices eat bigger share of income
Rising gas prices push lower-income consumers to rely more on credit as fuel costs climb to their highest share of household income since March 2022
Gas price surge hitting low-income households hardest, Fed study finds
Rising gas prices amid the Iran war are hitting low-income households hardest, creating a K-shaped consumption pattern, a New York Fed report finds.
Hassett forecasts 4% growth, says AI boom and tax incentives driving US investment surge
The White House predicts 4% economic growth as companies race to build factories fueled by AI investment and bonus depreciation tax policies.
Gas prices surge past $4.50 nationally as Iran tensions pressure drivers
The AAA national average price for regular gas has surged to $4.536 amid ongoing tensions between the U.S. and the Islamic Republic of Iran.
Chevron CEO says economies 'are going to have to slow' as Strait of Hormuz closure disrupts oil supply
Chevron CEO Mike Wirth warns global oil shortages are coming as the Strait of Hormuz closure disrupts supply chains, with gas prices up over 41%.
Rising gas prices are crushing restaurant sales as $4 a gallon becomes tipping point for consumers
U.S. restaurant chains report weaker than expected sales growth as high gas prices squeeze consumer budgets and force a shift toward value menu offerings.
National average gas price reaches $4.45 before summer driving season
Gas prices hit a record $4.45 national average entering the summer driving season, up $1.28 from last year as fuel costs pressure household budgets.
AAA national average gas price soars about 33 cents in a week
The AAA national average price for regular gas jumped more than nine cents higher in just a single day, rising from $4.30 as of Thursday to $4.392 as of Friday.
‘I just pray to God’: Los Angeles drivers hit with $100 fill-ups as gas nears $9
Gas prices nearing $9 a gallon in Los Angeles are forcing the city's drivers onto public transit, draining budgets while California fuel costs hit record levels.
Trump signs order aiming to help expand access to retirement accounts
President Donald Trump signed an executive order seeking to help expand retirement account access to people who do not have employer-supplied plans.
US shrimpers face ‘double whammy’ from soaring fuel costs, tariff refunds
Rising fuel costs and tariff refund policies are pressuring U.S. shrimpers, with some delaying trips as profitability declines.
Gas prices soar to highest point so far during unsettled conflict with Iran
The AAA national average price for regular gas has risen to a whopping $4.229, the highest point so far amid the still unresolved war between the U.S. and Iran.
Your summer BBQ is about to cost more – here’s the surprising reason why
Propane prices are rising ahead of barbecue season due to Middle East-driven energy costs, with ripple effects hitting food prices, including beef and grilling staples.
LARRY KUDLOW: American economic success — we have oil
Hats off to the Treasury Secretary, Scott Bessent, for keeping the financial heat on Iran as part of the war effort
Trump: Energy Secretary Wright 'totally wrong' on delayed return to $3 gas
Trump says Energy Secretary Wright is wrong about $3 gas timeline, insisting prices will drop once the Strait of Hormuz oil blockade is resolved.
Air Canada scraps key US routes as fuel costs surge amid Iran war
A major airline announced Friday that it is suspending select routes in the U.S., citing soaring jet fuel costs that have made certain operations unprofitable.
How cutting one costly habit could save small businesses thousands on fuel: expert
High gas prices are squeezing small businesses, but Ford Pro says cutting unnecessary vehicle idling could save fleet operators thousands each year.
Elon Musk backs ‘universal high income’ to combat AI job losses
Economists push back on Elon Musk's universal high income proposal, warning it could bankrupt governments and fail to prevent AI-driven inflation.
Bessent warns gas stations that Treasury Dept will keep them 'honest' after spike in prices
Scott Bessent warns gas stations that raised prices amid oil supply fears, saying Treasury will watch to ensure prices drop as conditions improve.
Time to ditch AI anxiety — experts say there’s a lot less to fear than we think
Workers face rising AI disruption, but experts say learning new skills can ease fears and unlock job growth as businesses invest billions and new roles continue to emerge.